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Kridhan Infra surges 8% on order win worth Rs 187cr in Singapore

The share touched its 52-week high Rs 124.50 and 52-week low Rs 30 on 14 February, 2018 and 14 February, 2019, respectively.

February 15, 2019 / 09:29 AM IST
IRB Infrastructure Developers  | In 2020 so far, the share price has moved up 76 percent to Rs 131.20. It's trailing twelve months (TTM) P/E was 6.40 multiple while 5-year average P/E was 8.30 multiple.

IRB Infrastructure Developers  | In 2020 so far, the share price has moved up 76 percent to Rs 131.20. It's trailing twelve months (TTM) P/E was 6.40 multiple while 5-year average P/E was 8.30 multiple.

 
 
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Share price of Kridhan Infra surged more than 8 percent in the early trade on Friday after company bagged an order in Singapore.

Company's Singapore based 100% subsidiary KH Foges Pte. has been awarded a new order in Singapore worth S USD 36 million (Rs 187 crore).

KH Foges has been contracted to execute piling works & earthworks for a sports & recreation centre for a proposed 6-storey sports centre comprising punggol drive and is to be executed over a period of 6-7 months, company said in release.

At 09:21 hrs Kridhan Infra was quoting at Rs 33.10, up Rs 2.15, or 6.95 percent on the BSE.

The share touched its 52-week high Rs 124.50 and 52-week low Rs 30 on 14 February, 2018 and 14 February, 2019, respectively.

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Currently, it is trading 73.82 percent below its 52-week high and 8.67 percent above its 52-week low.

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Moneycontrol News
first published: Feb 15, 2019 09:29 am

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